Bring your builder! Corner lot zoned for multi-family with APPROVED demo and building permits. Take advantage of this opportunity to start building immediately after closing. $75,000 invested towards approved plans and paid permit fees accompany the sale. Buyer receives MDC approved plans for a 3 bedroom / 3 bathroom with a pool & outdoor kitchen. Planned new build was designed to maximize Airbnb rental returns. Located in culturally vibrant Little Haiti and just 5 mins to the Design District and 15 mins to Wynwood. Nestled in the heart of Miami, Little Haiti stands as a cultural gem. This vibrant neighborhood, often referred to as the cultural soul of Miami, has evolved tremendously with several new construction projects on this block. Great investment opportunity, don't miss out!
Property Details
Property Features
Property Information:
Architectural Style: One Story, Spanish/Mediterranean
Year Built: 1935
Stories: 1
Living Area: 1,112 SqFt
Listing Office:
Office Name: One Sotheby's International Realty
Office Phone: (305) 865-9811
Listing Agent: Wendy Cohen
Interior Features
Interior Information:
Appliances: Other
Flooring Type: Other
Interior: Bedroom on Main Level, First Floor Entry
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,189
Per Month
Principal & Interest
$2,122
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,341
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Edison Park K-8 Center
500 NW 67th St
Distance between this listing and this school0.49 miles
Public District Grades PK-5
7
/10
Toussaint L'Ouverture Elementary School
120 NE 59th St
Distance between this listing and this school0.52 miles
Public District Grades PK-5
7
/10
Shadowlawn Elementary School
149 NW 49th St
Distance between this listing and this school0.61 miles
Public District Grades PK-5
Nearby Schools
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school1.31 miles
Public District Grades 6-8
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school1.63 miles
Public District Grades 6-8
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school1.64 miles
Public Charter Grades 6-9
Nearby Schools
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school0.21 miles
Public Magnet Grades 9-12
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school0.23 miles
Public Magnet Grades 9-12
4
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school1.00 miles
The neighbors living near this home have an average income of $23,534. Most Miami, FL residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 296 NW 59th St
What is the listing price of this property?
The listing price of 296 NW 59th St property is $425,000.
What type of property is this?
The property 296 NW 59th St is a house located in Miami, Florida, 33127.
Is this property for sale now?
Active Listing: 296 NW 59th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $3,487 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 296 NW 59th St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 296 NW 59th St is 1,112 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 296 NW 59th St is 1935.
This home is located at 296 NW 59th St in Miami, FL and zip code 33127 in the Buena Vista neighborhood. This 1,112 square foot home was built in 1935. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $425,000.
In November 2024 more than 38 listings in Miami, FL were sold above the asking price. During the same period more than 112 listings were sold at asking price, while more than 445 were sold below. The number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.
From Rocket Homes Real Estate and based on county public records data.